By John Sage Melbourne
Greed is driven by the need for a fast outcome driven by over confidence.
Greed can create loss via over financing or via utilize that should be moneyed in a specific time frame and that the time frame of the marketplaces regrettably does not accompany the imperatives of your financing.
To put it simply,if via greed you over-reach or hinge on the marketplace not just achieving specific results,but achieving these results within the time frame required by your very own financing needs,you are risking nearly specific catastrophe.
Another way that people are seduced by greed is called pyramiding.This is the method of structure extra financing to carry out more investment upon the monetary gains currently attained but which themselves are subject to finance. This is all extremely well up until there is a market reverse,in which instance the entire pack of cards comes tumbling down.
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This is a especially hazardous situation for those that have a high degree of confidence in themselves based upon recent monetary successes. They are not most likely to correctly read the indicators of a down turn in the marketplace as they are still flush with their previous successes. Over confidence moves up in straight percentage to boosts in market prices.
Success for that reason,otherwise properly toughened up,is most likely to reproduce the seeds of its very own catastrophe.
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